Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

​​Dow and Nasdaq 100 at new highs, and Nikkei 225 makes gains​

​​Yesterday’s softer US CPI helped markets to rally, with the Dow and Nasdaq 100 at new highs and the Nikkei 225 also risng.

Source: Getty Images

​​​Dow at new high

​The index touched a new record high yesterday, faltering just shy of the 40,000 level.

​Yesterday’s US inflation print provided the catalyst for a fresh surge, which allowed the index to build on the gains made over the past month since the lows of April. Expectations of two Fed rate cuts have been revived now that US inflation is showing signs of slowing once more.

​Further gains will quickly take the index above the psychological 40,000 mark, and then from there new record highs come into view. Short-term weakness would likely require a close back below the previous highs around 39,287.

Source: ProRealTime

​Nasdaq 100 shoots to new peak

​This index also witnessed a surge on Wednesday following the inflation data, and this carried the price to a new record high, smashing through the 21 March record high of 18,466.

​From here the 19,000 level comes into play, as fresh flows drive the price higher. Having established a higher low in mid-April, the index remains firmly in an uptrend.

​Short-term weakness would need a close back below 18,200, which suggest at least some consolidation is likely.

Source: ProRealTime

​Nikkei 225 gains continue

​Japanese shares also made headway despite a strengthening yen, and the Nikkei 225 finds itself at the 50-day simple moving average (SMA).

​The steady rebound from the lows of April remains in place. A close above the 50-day SMA helps to support the bullish view. Further gains target trendline resistance form the late March record high, and then the area around 39,800, which marked the highs in early April.

​A close below 38,300 would signal a break of trendline support from the mid-April lows.

Source: ProRealTime

Related articles

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities
website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

" >


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.